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September 29 2016

REPUTATION EARNS ALLEGIANCY THE ASSET MANAGEMENT CONTRACT OF CLASS B+ OFFICE BUILDING IN CHESAPEAKE, VA.

REPUTATION EARNS ALLEGIANCY THE ASSET MANAGEMENT CONTRACT OF CLASS B+ OFFICE BUILDING IN CHESAPEAKE, VA.

Richmond, Va., September 29 2016 — Allegiancy announced this week that it has been awarded the Asset Management contract for Battlefield Technology Center, a 52,00 sf, Class B+ office building locate in the amenity-rich Greenbrier submarket of Chesapeake, VA.

Battlefield Technology Center is fully leased and well located in Chesapeake’s highest quality office corridor. The building is centrally located with superb access to I-64 and I-464 as well as multiple thoroughfares and a plethora restaurants, retail and service amenities. Its proximity to the world’s largest naval base is attractive to government and military tenants such as the building’s anchor tenant, The Navy Exchange.

“Earning the contract to be the asset management firm for Battlefield Technology Center is exciting for us. We really like the Hampton Roads Market and are pleased to expand our presence here,” said Allegiancy President Chris Sadler.

Allegiancy, based in Richmond, VA, is a commercial real estate asset management firm that prides itself on its active approach to asset management and application of proprietary technology and software to manage buildings. The company continues its path of growth with a portfolio now exceeding 4.7 million square feet in assets under management.

Sadler said the healthy market coupled with aggressive management will drive performance at this asset. “The key here is tenant satisfaction and tenant retention- which is right in Allegiancy’s wheelhouse,” said Sadler.

About Allegiancy

Allegiancy is changing the business of asset management for commercial real estate owners and investors with radical specialization. With a technology-enabled operating platform and singular focus on serving as the owners’ advocate, the company brings fresh vigor and unparalleled discipline to a poorly understood business. Combining its proactive Value Assurance operational rigor with an intense focus on cash flow and profitability, Allegiancy is leveraging the experience of its principals of more than four decades of success.